Box Ships Inc (TEUFF)

[temp luvs amy]

I've seen a few Form 15 filings before. I can't remember any where shareholders got paid. They just trade zombie style. The SEC is powerless to suspend them because they no longer have any obligation to file reports. Sometimes they trade pink, sometimes grey. They don't have 2.7 million. They have a receivable. The receivable can be paid in the form of stock of the "new" company. It's a common reorganization scheme, but not used every time. Either way, stock dividend, or cash dividend, preferred has prior claim.